FNB launches tiered pricing structure for PayPal

FNB and PayPal have introduced a new tiered pricing structure which replaces the current 1.5% charge on all top-up and withdraw transactions.

Fees may now decrease to 0.8% if your previous month’s transactional value is high enough.

The new pricing structure will be effective from 1 October and the rates will automatically apply whenever you top-up or withdraw.

PayPal’s other transaction charges and currency conversion fees will remain the same.

The new transaction fee tiers are detailed below.

Tier Fees incl. VAT Total monthly top-up and withdraw amount
0 1.50% $0 – $3,000
1 1.35% $3,001 – $10,000
2 1.25% $10,001 – $50,000
3 1.00% $50,000 – $100,000
4 0.80% > $100,001

Now read: PayPal support for App Store and iTunes launched

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FNB launches tiered pricing structure for PayPal